Zeus Ω ((3,3), P)
@ohmzeus
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bitcoins greatest strength has always been that if you apply any existing valuation framework, it’ll tell you its value should be zero. and many, warren buffett etc, have said exactly that. but they’re fundamentally discredited by the fact that it doesn’t trade at zero. it.
The argument that REV doesn't matter because Bitcoin has no REV is a bad one. But there's a good argument that current REV is a bad proxy for expected future REV (and future aggregate economic value on a chain). Objectively, we can see this has been true for Ethereum and.
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for posterity, given i will be posting more articles in the coming days, the goal is to put things out, not to sway “CT”. CT’s consistently proved unserious and extractive, a tragic combo. reason for X is simply that i have 60k followers here and 7 on medium.
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a take that i will maybe/probably expand on at some point
btc has 70% total dominance yet yall still let the only viable contender (actual ideological/structural differentiator) trade at 0.01%. would be absurd if your obsession wasn’t literally with things like “fartcoin.
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btc has 70% total dominance yet yall still let the only viable contender (actual ideological/structural differentiator) trade at 0.01%. would be absurd if your obsession wasn’t literally with things like “fartcoin.
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the btc-ohm barbell. institutional lower risk mid upside basic money and non-consensus low risk high upside smart money. it is what it is.
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RT @ohmzeus: @Defi0xJeff @OlympusDAO not your fault since it got heavily watered down and perhaps improperly communicated in the first plac….
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RT @OlympusDAO: Cooler Loans V2 has been submitted to Olympus On-Chain Governance. The proposal activates perpetual, fixed-rate borrowing,….
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part of it is if you moralize/socially enforce that rent seeking infrastructure should capture the majority of the value from value producers, the ones who dispel this fallacy will be immoral.
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i think that many directions on not just capital but talent and attention allocation took several years to manifest but ultimately created this. hot take but the fat protocol thesis was the most harmful idea in crypto history. if TCP/IP captured all the value like crypto thought.
Every day I find it harder and harder to find the community that originally drew me in. It’s been five years for me, and every year has gotten worse. I am begging you guys to get your shit together. Stop trying to actively be the worst you can be, just because you can be.
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